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Tag Archives: banker

Deadline approaching for Hurricane Isaac assistance

SOUTHEAST MISSISSIPPI — The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that June 3 is the filing deadline for federal economic injury disaster loans available in Clarke, George, Greene, Jackson,Lauderdale and Wayne counties as a result of Hurricane Isaac. Under this declaration, the SBA’s Economic Injury Disaster Loan program is available to ...

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Bank cooperative sees huge jump in net income

AUSTIN, Texas — Farm Credit Bank of Texas (FCBT) reports net income for the quarter ended March 31, 2013, totaled $53.8 million, a 57 percent increase from the same period of 2012. The increase was due largely to a $6.4 million increase in noninterest income, combined with a $13.7 million decrease in provision for loan losses. Return on average shareholders’ ...

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Sign-up for aid for Isaac victims ends this month

ACROSS MISSISSIPPI — The U.S. Small Business Administration is reminding businesses in Mississippi that working capital loans are still available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations affected by Hurricane Isaac. The deadline is May 30. Economic Injury Disaster Loans up to $2 million are available at 3 percent for private ...

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The First buys Alabama bank for undisclosed sum

HATTIESBURG — The First Bancshares Inc. has acquired First National Bank of Baldwin County, Ala. Terms of the acquisition, announced yesterday, were not made public. Officials say the acquisition expands The First into Alabama with five new branches. The First will now have 24 locations in Mississippi, Louisiana and South Alabama. The First will now have approximately $970 Million in ...

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Renasant sees post-merger earnings increase

TUPELO — Renasant Corporation has released its financial results for the first quarter of 2013. Net income for the first quarter of 2013 was $7,571,000, or basic and diluted earnings per share (EPS) of $0.30, as compared to $5,974,000, or basic and diluted EPS of $0.24, for the first quarter of 2012. “Our strong start to 2013 represents the fifth ...

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BancorpSouth's earnings impacted by litigation costs

TUPELO — BancorpSouth Inc. has released financial results for the quarter ended March 31. Highlights for the first quarter included: • Net income of $20.8 million or $0.22 per diluted share • Mortgage production of $425.9 million and mortgage sales of $445.9 million, which contributed to mortgage lending revenue of $12.3 million for the quarter, including a positive mortgage servicing ...

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Bank executive asked by board to relocate to New Orleans

GULFPORT — Hancock Holding president and CEO Carl Chaney says the board of directors has asked him to move to New Orleans. Chaney tells The Sun Herald the Greater New Orleans represents approximately 41 percent of the company’s balance sheet. He says he plans to move his family in June. John Hairston, CEO and chief operating officer of Hancock Holding, ...

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Former bank CEO pleads guilty to fraud, money laundering

BUDE — A former bank executive has pleaded guilty to bank fraud and money laundering. U.S. Attorney Gregory K. Davis and FBI Special Agent in Charge Daniel McMullen said Larry Barnette Hill, 58, of Meadville, entered the plea in federal court in Jackson. Hill served as CEO of People’s Bank of the South in Bude. Prosecutors say from 2004 through ...

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Deadline approaching to apply for drought-related assistance

NORTH MISSISSIPPI — The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that May 13 is the filing deadline for federal economic injury disaster loans. These loans are available in Alcorn, Benton and Tippah counties in as a result of the drought and excessive ...

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Ex-bank CEO charged with fraud, money laundering

BUDE — The former chief executive officer or a south Mississippi bank has been charged with fraud and money laundering. A criminal information filed in federal court says Larry Barnette Hill was CEO of Peoples Bank of the South in Bude. A criminal information often means a defendant will plead guilty. The document says Hill took money from a payroll ...

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